Regulator’s plan to become less London-centric also includes doubling of headcount in Edinburgh
The UK’s financial regulator is planning to increase its presence outside the capital by basing staff in Cardiff, Belfast and Leeds for the first time, as it follows the Bank of England and the Treasury’s attempts to become less London-centric.
The Financial Conduct Authority, which also expects to double its headcount in Edinburgh to 200 staff over the next two years, said the moves were meant to reflect the fact that it supervises companies across the country, not only in the City of London.
